research on india_consumer goods sector in india monthly update_april 2013

Consumer Goods Sector in India

Monthly Update

April 2013

Consumer Goods – Monthly Update

Top Story FMCG majors offer hefty discounts FMCG companies such as Cadbury, Hindustan Unilever, ITC, Procter & Gamble and Heinz have launched discounts ranging anywhere between 10% and 70% on high‐value items in the past two weeks in an attempt to drive premium products amid slowing demand. P&G is offering 15% extra for its INR 3 shampoo sachets while HUL has been offering discounts on its premium detergent brand Surf Excel Matic. This has been made possible by falling input costs for these manufacturers.

News Update General Boffi forays into Indian market Italian luxury kitchens, bathrooms and wardrobe maker, Boffi SpA is expected to form a subsidiary to manage businesses in Asian markets more independently. This is expected to be formed by end of 2013. Early this March, Boffi opened its first shop in Delhi, in partnership with the Bhartiya Group, a fashion and real estate firm. Boffi has opened a 4,000 sq. ft single‐brand store in Mehrauli, New Delhi. It also plans on expanding to other Indian cities such as Mumbai and Bangalore. Woodland forays into personal care sector Footwear major Aero Club, manufacturer of Woodland brand of apparels and footwear, is all set to enter the FMCG category, with a range of personal care products. The products, such as sunscreens and anti‐bacterial lotions, would be imported from a German company, BNS. The brand plans to use the distribution strength of its 380 company‐owned stores before selling it across retailers. It has allotted INR 800‐1000 mn for investment this fiscal as it expands with new stores and enters the FMCG business. The 20‐year‐old brand plans on opening 50‐60 stores this year and all of them will be company‐owned. Hindustan Unilever buys out Aquagel Chemicals FMCG major Hindustan Unilever Ltd (HUL) announced the complete take over of Aquagel Chemicals Pvt Ltd by acquiring the remaining 74 percent stake in the company. It already held an investment to the extent of 26 percent of the equity share capital of Gujarat‐based ACPL. This made ACPL a wholly owned subsidiary of Hindustan Unilever Ltd with effect from April 1, 2013.


Aquagel Chemicals manufactures soaps and detergents. It was set up around two decades ago as a sister concern of privately held Madhu Silica Pvt Ltd, a precipitated silica major in India. Vibgyor introduces new range of jewellery Kolkata based, Vibgyor Gold is all set to introduce a new range of gold jewellery collection under its brand name Virtue to celebrate Bengali New Year. The range comprises necklaces, bangles, drop earrings and other items. The range is priced from INR 5,000 onwards along with various discounts to woo customers. With ‘Poila Boishak’ (Bengali New Year) just a week away, it is a opportune time for jewellery makers to launch a new range of jewellery as gold is also considered highly auspicious in all Bengali households. Versace partners with Infinite Luxury Group Italian fashion house Versace has partnered with designer Manav Gangwani's Infinite Luxury Group, just months after snapping its ties with Blues Clothing Company late last year. Gianni Versace SpA and Infinite Luxury are re‐opening the existing stores and setting up new ones. Nickelodeon brings Teenage Mutant Ninja Turtles franchise to India Viacom18’s kids broadcast brand Nickelodeon India has forayed into the action toys category with the launch of Teenage Mutant Ninja Turtles (TMNT) toy products. The new toy‐line is created by Playmates and is targeted at young adventure loving young boys. The product will hit the market in May 2013. The company has appointed Toy Triangle as its distribution partner. The launch will be supported by a 360‐degree marketing campaign that will also include on ground events in four cities – Mumbai, Delhi, Bengaluru and Chennai. Priced between INR 699 and INR 8,999, TMNT toys will be distributed across retail formats such as Hamleys, Shoppers Stop, Hypercity and Reliance Timeout. Rusta launches India operations Swedish retail chain Rusta has launched its Indian operations by opening its country headquarters at Delhi. The New Delhi office of Rusta underlines the company's ambitions to increase business in India. Textiles, handicraft, rugs and small furniture, lighting, home decoration, cooking tools and utensils are the areas in which Rusta intends to increase its sourcing from India. Prayag Group enters fast moving consumer goods space Kolkata based, Prayag Group on Monday announced its foray into FMCG sector. The latest entrant into this consumer goods space launched 30 goods across personal, home and kitchen care segments. The company would use its direct selling network to sell these products across West Bengal, Odisha, Bihar, Jharkhand and North‐eastern states.


Reliance Brands to roll out London Fog in North India Iconix Lifestyle India, a 50:50 JV between Iconix Brand Group and Reliance Brands, has partnered with North India‐based retailer Kapsons to manufacture the 80‐year old American fashion brand London Fog in India. London Fog is famous for manufacturing coats and jackets. It has a string of associations with Hollywood celebrities like Kevin Bacon, Eva Longoria, Gisele Bundchen, Christina Hendricks and Nicole Scherzinger. London Fog will compete with the likes of Tommy Hilfiger here in India. A London Fog shirt in India will start at the price point of INR 1,800 and is likely to be positioned higher than Arrow and Van House. Hidesign launches sunglasses Hidesign has launched a range of sunglasses priced between INR 3,000 and INR 4,500. The glasses will be sold on the fashion plank through the brands own stores. They have been placed in 40 stores and soon across its 74 exclusive stores. Hidesign’s sunglasses would be priced at the lower‐end offerings of Ray Ban and brands such as Tommy Hilfiger, Esprit, Elle and Fossil.

News Update Expansion Plans Shoppers Stop to invest big this fiscal Mumbai‐based premier department store chain, Shopper's Stop Ltd, plans to invest INR 1.25 bn this year, to expand its various brands of retail stores. The company is planning to add around 20 stores across its brands during the period. It also plans to expand its department stores with around 8‐10 more outlets, the large format hyper market HyperCity with 2‐3 stores and its premier home solution chain HomeShop with another 2‐3 shops and five speciality stores across its other brands. Although the company primarily focuses on tier I cities, it is also expanding into the cities like Surat, Agra and Thane, where it expects more customer attraction.. Citizen launches new exclusive store in Kerala Citizen watches launched its new exclusive store at Lulu Mall in Kerala with a range of collection that is fashionable, casual and sporty. Currently, Citizen has approximately 600 retail outlets across India, including 40 in Kerala. Baby care retailer Toonz reveals expansionary plans Baby care products retail chain, Toonz Retail plans to open 100 stores in the next one year. It currently has 40 stores across 7 states. Toonz opened its first store in 2010 at Bangalore. The investment ranges from INR 5 mn to 7.5 mn for each store. Currently, Toonz has 4 stores in Delhi, 2 in UP, 3 in Haryana, 2 in Punjab, 11 in Andhra Pradesh, 6 in Karnataka, 9 in Kerala


and 2 in Tamil Nadu. The company plans to open 10 stores in Hyderabad and 10 in rest of the Andhra Pradesh in the near future. Wowmom and Superyoung are the two brands that Toonz has been promoting since it was founded. Wowmom offers products for infants and toddlers while Superyoung sells products for children between 2 and 12 years. Gems and Jewelry market major Gitanjali Group forays into apparel segment Indian Gems and Jewelry market leader Gitanjali Group has entered the apparels segment as part of its brand extension of its popular brands and is planning up to 300 selling points across the country in this calendar year. For online apparel sales, Gitanjali Group has signed up with Jabong, Myntra and Flipkart. The company will soon launch apparels under Asmi and Viola. It will also soon enter into men apparel under Revv, a brand targeting the youth population. The Gems and Jewelry company is planning to invest INR 200‐250 mn as marketing expenditure to promote these apparel brands. The company is targeting the apparel segment penetrate the Tier II and III cities besides the metro and Tier I cities. These apparels under the Gitanjali brands will mainly be supplied in its manufacturing units in Jaipur, Rajasthan. Prowl Germany to invest INR 6 bn in India Prowl Germany UG, a multi‐brand retailer of baby products, plans to invest INR 6 bn in India in the next 4‐5 years to set up a manufacturing plant and a chain of stores. The company formed a distribution partnership in January with Kochi‐based Zaal Commercial Pvt. Ltd for its 101‐year‐old feeding accessories brand called Nip, and is preparing to file an application for foreign direct investment (FDI) in multi‐brand retail. Prowl Germany represents four brands—Nip, wooden toys brand Hess‐Spielzeug, portable baby beds brand Deryan and Spiegelburg International’s concept‐ and character‐based products range. Gems and Jewelry major PC Jewelers to expand by FY2014 end Delhi based Jewelry maker PC Jeweler plans to open around 20 new showrooms in the country by the end of the current financial year. The company has opened its first showroom in the western region in Ahmedabad recently. With this showroom, the company now has 33 showrooms in the country. The Gems and Jewelry retailer plans to increase the number of total showrooms to 50 by March 2014. The jeweler has also come out with a new strategy to attract high‐end customers with a special lounge. Recent decrease in the gold price has led to increase in sales in the Indian Gems and Jewelry market with jewelry retailers also believing that gold prices will decrease further from current levels. Raymond Weil to expand presence in Indian luxury watch market Swiss luxury watchmaker, Raymond Weil is looking to set up three more stores and also expand its presence across at least 10 multi‐brand outlets in the country in the coming year.


Raymond Weil is one of the last independent Swiss brands in the Indian luxury watch market. The company's watches are priced between INR 45,000 and INR 0.8 mn. Factors like growing affluence, young population and the increasing desire to spend on luxury products are expected to drive sales in the Indian luxury watch market. Madura Fashion to treble 'The Collective' outlets by 2015 Aditya Birla group firm Madura Fashion & Lifestyle plans to expand the reach of its multi‐brand retail chain 'The Collective' by almost three times at an investment of over INR 100 bn by 2015. The company is looking to increase the number of 'The Collective' outlets to over 20 from the current 7. All the stores will be company‐owned. The average size of a 'The Collective' store is around 15,000 sq ft and each unit requires an investment of about INR 0.07‐ 0.1 bn to be set‐up.

Industry Expert Speak FMCG majors offer hefty discounts – Varun Berry, COO – Britannia Industries “Promotions and discounts have accelerated because of a combination of this slowdown and aggressive competitors coming in,” Gems and Jewelry market major Gitanjali Group forays into apparel segment Mehul Choksi, CMD Gitanjali Group “Foraying into apparels is part of brand extension, as we wanted to increase our product line, business and simultaneously our offering in terms of products to our target customers. So complimenting jewellery the next thing that would interest women would be apparels and accessories,”

Transactions (Feb 2013 – Apr 2013)

Date Buyer Target Deal Size (INR mn) % stake Deal Status

Type of Transaction

26th Apr

2013 Future Venture KFC Shoemaker N.A. 33 Completed

Private

Equity

24th Apr

2013 Baring PE India Zydus Wellness 350‐400 N.A. Completed

Private

Equity

11th Apr

2013 BabyOye Hoopos N.A. 100 Completed Acquisition


Date Buyer Target Deal Size (INR mn)

% stake Deal Status Type of Transaction

19th Mar

2013 Sequoia Capital Stovekraft 1200 13 Planned

Private

Equity

19th Mar

2013 Asian Paints Sleek Group N.A. 51 Planned Acquisition

19th Mar

2013

Credit Suisse

(Singapore) Emami Ltd. 1054.6 1.18 Completed Acquisition

14th Mar

2013 Baring PE India Dabur India Ltd 2250‐2500 N.A. Completed

Private

Equity

20th Feb

2013

Everstone Capital

& Chrys Capital CavinKare 3500 10‐12 Planned

Private

Equity

19th Feb

2013

Access India

Fund

Nobel Hygiene

Ltd. 623.9 N.A. Completed

Private

Equity

Annual Financial Results – Revenue (INR mn)

Companies FY ’09 FY ’10 FY ’11 FY’ 12

Adidas AG* 690,479.7 717,149.1 919,908.2 942,818.8

Akzo Nobel India Ltd. 9,001.0 9,471.0 10,876.0 19,685.0

Archies Ltd. 1,386.184 1,560.809 1,877.978 2,011.312

Asian Granito India Ltd. 3,329.3 4,075.5 5,041.4 6,221.9

Asian Paints Ltd. 54,664.5 66,832.9 77,251.2 96,352.7

Avon Products Inc.* 473,623.3 484,535.2 599,188.8 572,009.1

Bajaj Electricals Ltd. 17,686.4 22,286.3 27,413.5 30,989.6

Bata India Ltd. 10,923.9 12,757.7 15,486.0 N.A.

Beiersdorf AG* 382,321.3 333,214.2 388,327.6 390,833.8


Bell Ceramics Ltd.* 1,888.087 1,533.019 1,420.241 1,727.466

Berger Paints India Ltd. 16,403.1 19,060.7 23,407.0 29,477.0

Bloom Dekor Ltd. 340.157 414.117 431.835 531.9

Cera Sanitaryware Ltd. 1,595.5 1,914.1 2,438.1 3262.37

Classic Diamonds India Ltd. 6,772.2 6,517.2 5,023.2 2,255.5

Colgate Palmolive (India) Ltd. 17,512.4 20,209.2 22,861.2 26,932.3

Crompton Greaves Ltd. 87,372.6 91,408.7 100,051.1 112,485.8

Dabur India Ltd. 28,122.4 33,958.0 41,045.1 53,054.2

Emami Ltd. 7,489.3 10,217.1 12,470.7 14,535.1

Estee Lauder Companies Inc.* 352,824.1 361,998.0 393,807.0 484,720.7

Euro Ceramics Ltd. 2,629.5 2,360.4 4,169.3 1,797.2

Eveready Industries India Ltd. 8,573.3 11,041.6 10,738.7 11,000.6

FIEM Industries Ltd. 2,198.9 2,965.3 4,276.0 5,331.5

Finolex Cables Ltd. 13,415.1 16,187.2 20,357.5 20,384.7

Flawless Diamond (India) Ltd. 6,152.7 6,104.9 3,314.4 577.6

Gitanjali Gems Ltd. 50,906.9 65,277.8 94,593.7 124,982.8

Godrej Consumer Products Ltd. 13,969.1 20,436.9 36,936.0 48,661.6

Golkunda Diamonds & Jewellery Ltd.

559.746 816.398 1,020.714 1159.7

Halonix Ltd. 3,840.6 4,369.4 4,187.9 4,538.5

Hanung Toys and Textiles Ltd. 6,520.6 8,519.3 11,390.6 13,958.6

Havells India Ltd. 54,774.9 51,625.7 56,126.3 65,182.0


Henkel India Ltd. 5,922.8 5,339.0 4,267.1 N.A

Hindustan Sanitaryware & Industries Ltd.

6,167.6 8,083.1 10,820.8 14,455.7

Hindustan Unilever Ltd. 166,639.8 180,319.3 200,225.5 234,363.3

IFB Industries Ltd. 4,431.7 5,339.5 6,641.7 7,831.7

Ion Exchange (India) Ltd. 4,932.3 5,227.6 6,068.3 6,513.6

ITC Ltd. 165,561.4 191,358.7 225,747.0 265,517.9

Jenson & Nicholson Ltd. 374.744 365.32 444.543 528.984

Johnson & Johnson 2,885,328.7 2,747,088.2 3,450,816.9 3,525,577.5

Jyothy Laboratories 4,848.0 5,982.2 6,196.3 9,127.6

Kajaria Ceramics Ltd. 6,658.8 7,362.8 9,532.5 13,130.3

Kansai Nerolac Paints Ltd. 13,745.2 17,063.8 21,320.0 25,916.2

Karuturi Global Ltd. 4,485.5 5,401.1 6,436.7 5,541.8

L'Oreal SA 1,162,168.9 1,166,088.1 1,402,412.0 N.A.

Liberty Shoes Ltd. 2,604.4 2,690.0 3,108.7 3,330.8

Mafatlal Industries* 1,357.7 1,367.5 6,311.1 N.A.

Marico Ltd. 23,884.2 26,607.6 31,349.9 40,082.8

MIC Electronics Ltd.* 2,962.49 2,807.661 2,338.327 1,126.027

Mirza International 3,610.3 3,788.9 4,728.5 5,534.7

MW Unitexx Ltd. 41.4 29.5 8,716.7 10,197.9

Murudeshwar Ceramics Ltd. 1,800.998 1,300.847 1,725.888 1,787.035

Nagarjuna Agri Tech Ltd. 22.047 19.159 16.882 18.006


Neha International Ltd.* 490.253 557.141 879.472 891.176

Nestle India Ltd.* 51,395.5 62,609.4 74,994.6 77,409.0

Nike Inc. 905,203.1 881,584.1 942,545.2 1,353,218.9

Nilkamal 9,513.3 10,950.0 13,180.6 15,165.2

Nirma Ltd. 46,383.9 46,806.4 48,047.0 N.A.

Nitco Ltd. 6,675.1 4,515.6 7,134.9 8,400.6

Ok Play India Ltd 370.995 482.404 382.372 415.86

Omega Ag Seeds (Punjab) Ltd.* N.A. N.A. N.A. 22.626

Orient Bell Ltd. 2,241.6 2,539.9 3,329.2 5,444.9

Pochiraju Industries Ltd. 357.635 433.354 554.395 724.32

Procter & Gamble Co.* 3,694,733.5 3,665,486.0 3,690,387.2 4,345,536.7

Rajesh Exports Ltd. 119,497.1 184,115.9 205,356.8 257,240.7

Raymond Ltd. 25,594.9 25,078.3 30,475.5 36,489.1

Reckitt Benckiser Group Plc* 581,240.2 588,720.5 783,440.8 840,032.9

Regency Ceramics Ltd. 1,603.225 1,686.118 1,946.612 1,657.926

Relaxo Footwears Ltd. 4,092.6 5,569.0 6,904.6 8,604.0

Restile Ceramics Ltd. 369.288 438.73 287.145 180.7

Revlon Inc.* 60,142.7 58,941.0 73,304.0 77,029.5

S.Kumars Nationwide Ltd. 22,647.0 38,561.8 52,196.0 63,546.2

Shalimar Paints Ltd. 3,317.3 3,668.9 4,075.6 4,865.0

Shantivijay Jewels Ltd. 723.395 611.937 717.396 721.798


Shrenuj & Co. Ltd 14,625.7 18,961.3 24,565.2 31,506.3

Siemens Ltd.* 93,070.2 96,272.4 119,718.1 124,657.9

SIP Industries Ltd.* 10.32 11.801 9.426 6.271

Skechers USA Inc.* 66,742.0 89,720.1 85,624.3 79,987.9

Somany Ceramics Ltd. 4,462.5 5,423.1 7,162.4 8,761.3

Suashish Diamonds Ltd. 8,346.5 12,169.3 11,015.5 12,045.3

Surya Roshni Ltd. 14,890.8 17,954.9 23,105.4 30,257.2

Tata Chemicals Ltd. 127,725.7 95,435.5 110,601.5 136,551.1

Timex Group 1,301.081 1,355.853 1,731.8 1,838.1

Titan Industries Ltd. 38,326.4 46,771.6 65,331.4 88,484.3

TTK Prestige Ltd. 4,012.7 5,079.4 7,592.0 10,969.8

Vaibhav Gems Ltd. 6,003.5 3,432.1 5,372.1 6,465.0

Vintage Cards & Creations 20.748 9.227 1.685 0.055

VIP Industries Ltd. 5,651.7 6,449.6 7,589.9 8,542.0

Whirlpool of India Ltd. 17,191.6 22,148.8 27,028.0 26,579.4

White Diamond Industries Ltd. 118.011 74.133 158.61 89.101

Winsome Diamonds and Jewellery Ltd.

26,421.7 34,051.3 48,458.0 56,831.2

Wipro Ltd. 255,837.0 271,115.0 309,535.0 370,766.0

* Change in Financial Year Ending


Annual Financial Results – Income (INR mn)

Companies FY ’09 FY ’10 FY ’11 FY’ 12

Adidas AG* 16,295.9 33,913.6 46,257.4 50,957.7


Archies Ltd. (10.867) 88.021 108.274 95.015

Asian Granito India Ltd. 250.1 190.4 200.9 182.5

Asian Paints Ltd. 3,978.4 8,356.4 8,432.4 9,887.3

Avon Products Inc.* 29,043.4 27,044.0 27,254.2 20,181.9

Bajaj Electricals Ltd. 891.3 1,171.0 1,437.9 1,178.8

Bata India Ltd. 625.8 883.7 2,588.6 N.A.

Beiersdorf AG* 24,876.2 19,020.3 17,234.5 16,963.3

Bell Ceramics Ltd.* 3.33 (63.733) (103.058) 13.264

Berger Paints India Ltd. 828.4 1,203.9 1,501.0 1,801.0

Bloom Dekor Ltd. 3.094 10.151 (5.635) 18.2

Cera Sanitaryware ltd 131.1 196.1 265.4 320.3

Classic Diamonds India Ltd. 35.7 174.2 60.0 (303.9)



Dabur India Ltd. 3,905.0 5,010.8 5,685.7 6,448.9

Emami Ltd. 918.6 1,697.3 2,287.2 2,588.4

Estee Lauder Companies Inc.* 10,521.4 22,209.9 31,325.8 43,102.1


Euro Ceramics Ltd. (301.6) (414.7) 285.7 (643.7)

Eveready Industries India Ltd. 194.0 1,272.3 (139.5) (880.6)

FIEM Industries Ltd. 46.1 105.7 110.6 471

Finolex Cables Ltd. (354.9) 576.3 867.8 981.9

Flawless Diamond (India) Ltd. 133.3 147.0 (19.5) (3.1)


Godrej Consumer Products Ltd.

1,732.6 3,395.9 5,147.1 7,267.2


15.801 5.118 10.203 21.5

Halonix Ltd. 16.3 (199.8) (101.1) 57.0

Hanung Toys and Textiles Ltd 644.5 897.8 1,195.7 1,505.4

Havells India Ltd. (1,601.6) 695.6 3,035.7 3,699.2

Henkel India Ltd (576.0) (518.4) (70.9) N.A.


317.3 436.5 781.5 935.5


IFB Industries Ltd. 3,150.8 537.6 503.1 305.4

Ion Exchange (India) Ltd. 16.5 41.3 83.7 321.2

ITC Ltd. 33,245.9 41,681.8 50,179.3 62,581.4

Jenson & Nicholson Ltd. (76.135) (38.731) (40.143) 6.932

Johnson & Johnson 571,779.6 594,763.1 513,244.7 474,866.6

Jyothy Laboratories 511.5 743.4 687.6 445.8

Kajaria Ceramics Ltd. 89.0 358.5 606.2 808.8


Kansai Nerolac Paints Ltd. 985.9 1,655.0 2,059.9 2,158.9


L'Oreal SA 119,206.0 133,961.5 168,098.3 N.A.

Liberty Shoes Ltd. (52.7) 43.4 61.8 178.6

Mafatlal Industries* 3,375.9 453.5 3,455.6 N.A.

Marico Ltd. 1,887.2 2,316.7 2,864.4 3,171.1

MIC Electronics Ltd.* 658.916 553.791 263.562 (591.838)

Mirza International 53.6 187.8 391.8 353.1

MW Unitexx Ltd. 0.5 (8.1) 125.5 191.8

Murudeshwar Ceramics Ltd. 1.808 (153.077) 52.956 31.664

Nagarjuna Agri Tech Ltd. (2.738) (4.966) (16.464) (1.791)

Neha International Ltd.* 40.454 122.959 178.126 121.238

Nestle India Ltd.* 6,550.0 8,186.6 9,615.5 9,815.7

Nike Inc. 70,193.8 88,418.1 96,368.9 124,677.0

Nilkamal 107.0 515.0 534.1 611.1

Nirma Ltd. 1,330.0 2,493.3 949.2 N.A.

Nitco Ltd. 251.1 (88.0) 247.8 (554.5)

Ok Play India Ltd (103.562) 47.081 (30.782) (73.637)

Omega Ag Seeds (Punjab) Ltd.* 0.045 0.237 (0.269) 1.261

Orient Bell Ltd. 63.7 114.6 63.4 134.5



Procter & Gamble Co.* 647,279.3 591,396.2 527,325.9 490,421.5

Rajesh Exports Ltd. 873.8 1,934.0 2,479.9 4,071.5

Raymond Ltd. (2,278.8) (459.5) 536.9 1,557.8

Reckitt Benckiser Group Plc* 106,307.1 109,205.5 144,133.3 155,529.0

Regency Ceramics Ltd. (148.311) (133.782) (154.392) (218.698)

Relaxo Footwears Ltd. 142.3 377.6 267.9 399.1

Restile Ceramics Ltd. (98.03) (49.828) (167.182) (134.8)

Revlon Inc.* 2,264.8 14,599.2 2,833.7 3,120.6


Shalimar Paints Ltd. 35.6 100.0 116.7 144.6


Shrenuj & Co. Ltd 237.2 507.7 568.5 703.4

Siemens Ltd.* 7,046.0 7,577.7 8,677.5 7,300.6

SIP Industries Ltd.* (0.051) (0.47) (13.917) (16.995)

Skechers USA Inc.* 2,538.6 6,072.9 (3,581.0) (3,049.6)

Somany Ceramics Ltd. 87.6 203.9 238.6 251.1

Suashish Diamonds Ltd. (465.0) 826.9 680.1 375.1

Surya Roshni Ltd. 215.4 451.7 674.7 523.1


Timex Group 74.541 46.233 140.1 45.3



TTK Prestige Ltd. 223.8 524.4 837.5 1,133.6

Vaibhav Gems Ltd. (2,403.5) (680.1) 431.0 685.1

Vintage Cards & Creations (29.991) (16.133) (0.429) (62.485)

VIP Industries Ltd. (143.0) 483.9 887.2 672.0

Whirlpool of India Ltd. 705.2 1,450.2 1,660.3 1,237.3

White Diamond Industries Ltd. 38.441 (2.539) 1.784 3.351


391.8 851.7 1,305.4 957.5

Wipro Ltd. 38,761.0 45,931.0 52,977.0 55,730.0

* Change in Financial Year Ending

Quarterly Financial Results – Revenue (INR mn)

Companies Jan Mar 2012

AprJun 2012

JulSep 2012

OctDec 2012

Adidas AG 259,470.2 247,200.6 283,291.3 N.A.


Archies Ltd. 543.55 414.884 479.95 562.846

Asian Granito India Ltd. 1,859.7 1,557.1 1,772.9 1,689.0

Asian Paints Ltd. 25,635.9 25,392.5 26,159.5 30,371.4

Avon Products Inc. 131,087.9 144,228.1 134,840.6 164,575.6

Bajaj Electricals Ltd. 10,626.3 6,639.7 7,327.0 8,730.3

Bata India Ltd. 4,119.7 5,104.9 4,333.6 5,165.8

Beiersdorf AG 104,018.8 107,469.3 102,101.6 N.A.


Berger Paints India Ltd. 7,533.4 8,034.0 8,083.00 9,171.0

Bloom Dekor Ltd. 144.386 142.72 181.77 153.36

Cera Sanitaryware ltd 1,002.2 905.1 1,113.80 1,300.2

Classic Diamonds India Ltd. 34.3 N.A. N.A. 34.233



Dabur India Ltd. 13,858.3 14,620.0 15,226.00 16,307.2

Emami Ltd. 3,859.1 3,388.3 3,606.60 5,486.5

Estee Lauder Companies Inc. 114,433.4 125,279.3 134,766.60 N.A.

Euro Ceramics Ltd. 311.1 239 263 190.4

Eveready Industries India Ltd. 2,284.2 2,635 2,872.3 2,645.3

FIEM Industries Ltd. 1,445.8 1,435.6 1,434.1 1,501.5

Finolex Cables Ltd. 5,967.3 5,107.5 5,795.80 5,280.7

Flawless Diamond (India) Ltd. 172.8 2 0.8 N.A.



13,382.5 13,886.4 15,953.30 16,913.1


310.084 301.842 280.954 193.892

Halonix Ltd. 1,040.8 950.1 1,028.2 1,161.4

Hanung Toys and Textiles Ltd 4,691.4 3,807.1 4,384.2 4,502.7

Havells India Ltd. 17,777.0 17,778.0 16,992.0 18,143.0

Henkel India Ltd N.A. 1,148.9 N.A. N.A.



3,940.9 3,250.2 3,501.8 3,961.1


IFB Industries Ltd. 2,004.3 1,991.2 2,293.90 2,633.1

ITC Ltd. 71,625.1 68,898.3 74,115.6 80,419

Jenson & Nicholson Ltd. 137.25 151.461 128.1 159.586

Jyothy Laboratories 2,340.9 2,263.5 1,944.3 2,217.7

Johnson & Johnson 821,475.1 916,421.9 901,368.7 961,739.4

Kajaria Ceramics Ltd. 3,741.2 3,560.4 3,887.40 4,172.6

Kansai Nerolac Paints Ltd. 6,588.0 7,208.0 6,794.00 7,666.0


L'Oreal SA 380,425.2 395,344.0 381,845.9 406,959.1

Liberty Shoes Ltd. 970.4 755.5 707.3 901.3

Mafatlal Industries 601.6 1,453.2 1,048.7 1,457.2

Marico Ltd. 9,273.9 12,672.1 11,558.90 11,639.9

MIC Electronics Ltd. 251.4 N.A 240.3 212.6

Mirza International 1,283.6 1,419.4 1,666.80 1,673.6

MW Unitexx Ltd. 2,476.1 2,326.0 2,053.20 2,269.0

Murudeshwar Ceramics Ltd. 383.89 346.037 351.756 375.977

Nagarjuna Agri Tech Ltd. 6.32 2.602 1.434 0.7

Neha International Ltd. 186.647 N.A. 219.769 246.594

Nestle India Ltd. 20,558.7 19,865.8 21,155.90 21,526.4


Nike Inc. 324,248.4 360,055.5 370,296.20 323,148.1

Nilkamal 4,167.0 3,940.2 3,833.3 3,935.6

Nitco Ltd. 1,837.2 2,023.6 2,065.9 1,799.2

Ok Play India Ltd 137.32 88.4 71.1 89.7

Omega Ag Seeds (Punjab) Ltd. 18.528 3.236 7.237 0.3

Orient Bell Ltd. 1,567.5 1,225.1 1,400.6 1,413.1


Procter & Gamble Co 1,120,060.2 1,124,797.8 1,096,263.6 1,216,853.1

Rajesh Exports Ltd. 87,112.3 49,671.5 67,454.80 78,231.6

Raymond Ltd. 9,559.9 8,369.4 11,141.50 10,490.6

Reckitt Benckiser Group Plc 206,920.3 206,920.3 208,712.8 218,429.7

Regency Ceramics Ltd. 182.183 19.2 21.691 17.0

Relaxo Footwears Ltd. 2,416.9 2,483.2 2,422.30 2,230.3

Restile Ceramics Ltd. 50.9 4.2 12.2 10.3

Revlon Inc. 18,342.3 19,872.6 73,718.60 21,472.6


Shalimar Paints Ltd. 1,501.8 1,217.4 1,245.2 1,438.0


Shrenuj & Co. Ltd 8,127.5 7,136.6 8,236.1 14,304.3

Siemens Ltd. 37,601.4 34,141.3 34,141.3 24,508.6

SIP Industries Ltd. 2.16 0.274 0.0 0.0


Skechers USA Inc. 19,546.4 21,459.2 22,792.5 21,852.2

Somany Ceramics Ltd. 2,765.5 1,905.4 2,580.7 2,674.6


The Estée Lauder Companies Inc.

114,433.4 125,223.0 134,766.6 160,948.4

Timex Group 465.325 441.6 432.2 136.5


TTK Prestige Ltd. 2,260.3 3,025.3 3,355.5 4,371.3

Vaibhav Gems Ltd. 1,849.4 1,998.4 2,177.5 2,481.4

Vintage Cards & Creations 0.033 N.A. 0.055 N.A.

VIP Industries Ltd. 1,797.0 3,029.0 1,623.0 2,412.0

Whirlpool of India Ltd. 7,230.5 8,721.4 6,111.7 5,983.3



17,723.8 14,728.7 23,284.1 14,358.2

Wipro Ltd. 97,836.0 104,498.0 95,791.0 95,807.0

Quarterly Financial Results – Income (INR mn)

Companies Jan Mar 2012

AprJun 2012

JulSep 2012

OctDec 2012

Adidas AG 19,609.5 11,597.4 23,353.0 N.A.

Akzo Nobel India Ltd. 782.6 782.6 448.1 506.3

Archies Ltd. 30.984 8.708 11.936 29.475


Asian Granito India Ltd. 37.1 32.5 55.2 47.1

Asian Paints Ltd. 2,594.8 2,989.4 2,391.6 3,352.3

Avon Products Inc. 1,348.9 3,428.0 1,670.4 (8,900.7)

Bajaj Electricals Ltd. 489.9 119.8 269.2 116.8

Bata India Ltd. 360 526.5 320.4 509.1

Beiersdorf AG 8,345.9 8,504.8 7,263.9 N.A.

Berger Paints India Ltd. 445.8 444.0 534 768.0

Bloom Dekor Ltd. 4.683 1.86 6.467 8.948

Cera Sanitaryware ltd 92.9 92.4 110.3 120

Classic Diamonds India Ltd. (103.3) (68.647) (114.199) (144.978)

Colgate Palmolive (India) Ltd. 1,174.2 1,004.4 1450.8 1,110.5

Crompton Greaves Ltd. 1,003.2 859.0 420.5 (1,893.6)

Dabur India Ltd. 1,705.1 1,494.0 2,023.70 2,111.1

Emami Ltd. 722.0 466.0 592 1,149.5

Estee Lauder Companies Inc. 6,637.4 2,849.3 15,831.60 N.A.

Euro Ceramics Ltd. (284.5) (223.2) (242.2) (273.5)

Eveready Industries India Ltd. (860.2) 33.5 20.9 18

FIEM Industries Ltd. 55.5 50.4 62.6 66.2

Finolex Cables Ltd. 445.6 250.8 574.6 239.8

Flawless Diamond (India) Ltd. (17.9) (19.1) (9.1) (20.9)




1,926.5 1,304.6 1,593.10 1,722.0


0.535 5.006 6.063 2.496

Halonix Ltd. (85.1) (71.6) (151.5) (14.6)

Hanung Toys and Textiles Ltd 436.7 268.2 389.9 333

Havells India Ltd. 1,208.2 713.0 2,423.0 1,178.0

Henkel India Ltd N.A. (30.3) N.A. N.A.


327.3 182.5 205 122.6


IFB Industries Ltd. 43.3 63.0 90.7 119.9

ITC Ltd. 16,143.6 16,021.4 18,364.2 20,518.5

Jenson & Nicholson Ltd. 40.102 (4.642) (10.1) (11.452)

Johnson & Johnson 199,019.0 78,320.0 156,888.5 140,607.4

Jyothy Laboratories 279.3 176.2 152.7 260.6

Kajaria Ceramics Ltd. 234.9 222.5 265.4 249.5

Kansai Nerolac Paints Ltd. 448.7 633.0 474 489.0

Karuturi Global Ltd. 811.5 155.5 168.2 571.6

L'Oreal SA 55,137.4 57,115.5 42,174.6 44,948.4

Liberty Shoes Ltd. 18.2 21.5 0.7 17.8

Mafatlal Industries (3.0) 41.4 26.5 74.0

Marico Ltd. 697.0 1,238.4 858.7 1,022.9

MIC Electronics Ltd. (504.2) N.A. (160.7) 2.6


Mirza International 40.9 46.7 134 142.1

MW Unitexx Ltd. (17.8) (15.7) (38.6) (166.6)

Murudeshwar Ceramics Ltd. 15.383 1.170 1.236 1.348

Nagarjuna Agri Tech Ltd. (0.682) (1.426) (1.607) (0.6)

Neha International Ltd. 19.061 N.A. 4.084 (5.208)

Nestle India Ltd. 2,757.3 2,459.7 2,673.10 2,789.3

Nike Inc. 31,060.4 30,551.8 31,482.70 20,837.8

Nilkamal 143.5 112.6 96.9 54.5

Nitco Ltd. (724.2) (785.7) (529.9) (650.0)

Ok Play India Ltd 35.809 (43.8) 10.9 (27.4)

Omega Ag Seeds (Punjab) Ltd. (0.307) 0.295 0.646 N.A.

Orient Bell Ltd. 86.4 17.2 26.8 23.3


Procter & Gamble Co 133,726.1 202,065.1 148,748.0 222,627.9

Rajesh Exports Ltd. 901.9 982.7 1,124.50 1,314.7

Raymond Ltd. 31.8 (349.8) 502.6 128.4

Reckitt Benckiser Group Plc 34,523.7 34,523.7 44,742.4 46,825.5

Regency Ceramics Ltd. (76.295) (32.124) (43.222) (35.1)

Relaxo Footwears Ltd. 187.9 150.6 102.9 59.7

Restile Ceramics Ltd. (42.4) (29.9) (21.2) (26.4)

Revlon Inc 471.5 617.7 2,167.30 2,551.7


S.Kumars Nationwide Ltd. 1,305.2 645.3 114.9 104.5

Shalimar Paints Ltd. 60.0 31.3 27.9 46.9


Shrenuj & Co. Ltd 131.6 127.2 190.0 212.2

Siemens Ltd. 3,040.0 (157.6) (157.6) 730.7

SIP Industries Ltd. (0.7) (2.481) (1.516) (1.445)

Skechers USA Inc. (203.3) (99.2) 581.7 217.1

Somany Ceramics Ltd. 84.6 52.7 80.2 81.6


The Estée Lauder Companies Inc.

6,637.4 2,848.0 15,831.6 24,556.6

Timex Group 41.198 (58.5) 0.7 (270.9)


TTK Prestige Ltd. 197.4 306.8 302.8 441.0

Vaibhav Gems Ltd. 229.7 280.6 69.1 187.4

Vintage Cards & Creations (2.411) N.A. N.A. N.A.

VIP Industries Ltd. 78.0 235.0 (18.0) 35.0

Whirlpool of India Ltd. 371.5 645.5 283.8 100.7



123.4 203.7 183.9 120.1

Wipro Ltd. 14,809.0 15,802.0 17,193.0 14,830.0


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